NeSL enabling real-time access to digital debt & claims data in insolvency cases

New Delhi: Information utility National E-Governance Services Ltd (NeSL) is enabling real-time access of digital records of default (RoDs) for adjudicating authorities, to quickly retrieve debt and claims data of individuals and entities in insolvency cases.

RoDs have evidentiary value in the process of insolvency resolution, NeSL managing director Debajyoti Ray Chaudhuri told ET. The latest amendments to the Insolvency and Bankruptcy Code (IBC) transform NeSL from a repository of financial information primarily accessed by financial creditors into a universal, legally mandated gateway for all insolvency proceedings, Chaudhuri said.

This will reinforce the trust in the insolvency mechanism and facilitate faster authentication of records, he said.


Under the recently approved IBC (Amendment) Bill, 2026, an RoD with the information utility (IU) and furnished alongside a financial institution's application will be considered sufficient for the adjudicating authority to ascertain the existence of default, removing ambiguity and eliminating the need for additional evidence.

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At present, more than 350 financial institutions, including banks, use the firm's data services. NeSL issues default alerts at three stages, including when default information is submitted, when a creditor files for insolvency and when a public announcement is made after admission.

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"These alerts often led to early negotiations and regularisation of accounts, with many defaults being regularised within 90 days of reporting," said Chaudhri. The adjudicating authority is required to admit or reject applications for corporate insolvency resolution within a 14-day timeline that is critically dependent on the availability of authenticated debt and default records.

NeSL is also working on electronic insurance surety bonds (e-ISB), pitching it as an alternative to all forms of performance bid guarantees. "The need for affordable and accessible capital remains essential for India's MSMEs and export momentum, said Chaudhuri. These insurance surety bonds will most importantly benefit MSMEs by eliminating collateral requirements and preserving working capital, he said.

An electronic insurance surety bond is a financial guarantee issued by an insurance company ensuring that a principal (contractor/corporate) fulfils contractual obligations toward a beneficiary (project owner).

On the retail front, the firm is exploring synergies with real-estate businesses and commercial property rental firms that can democratise the rental agreement documentation process. "The broader vision is to build an API-first, evidence-ready digital infrastructure that supports high-trust transactions at scale," said Chaudhuri.

NeSL is also exploring extending end-to-end digital bond execution and onboarding of special economic zones, as these units are required to execute a range of bonds and undertakings.